Innovation Pharmaceuticals Inc (IPIX)

[noretreat]

Too little volume to trade in and out on little moves. Stock is neither overbought or oversold. So for me the TA says hold. After talking to mgmt, talking to a number of large investors and seeing how CTIX looks relative to a fair number of others, I'm in this through 2015 (unless there are material changes affecting prospects).

I will grant you that it could go to the 1.60's ... $1.60 looks like solid support, 1.75 decent support. If it hits either number, I will buy more.

In the meantime, there are a fair number of parabolic moves going on elsewhere...these are the best times for investing in biotech EVER>